Screening Filters & Rationale
Relative Volume (min: 1.5):
- Purpose: Identify stocks with trading activity significantly higher than usual.
- Rationale: High relative volume often indicates increased interest or momentum, which is ideal for swing trading opportunities.
Beta (Moderate Risk):
- Purpose: Focus on stocks with moderate volatility.
- Rationale: Moderate beta balances potential returns with manageable risk, suitable for beginner swing traders.
Weekly Average Turnover (min: 1,000,000):
- Purpose: Ensure sufficient liquidity in selected stocks.
- Rationale: High turnover reduces the risk of slippage and ensures ease of entry and exit during trades.
Price Above 20-Day Moving Average:
- Purpose: Target stocks in an uptrend.
- Rationale: Stocks trading above their 20-day moving average often indicate bullish momentum, aligning with swing trading strategies.
Monthly Price Change Percentage (min: 0%):
- Purpose: Avoid stocks with negative price trends.
- Rationale: Positive price changes over the past month suggest upward momentum, increasing the likelihood of profitable trades.
This list is generated based on data from one or more third party data providers. It is provided for informational purposes only by Intellectia.AI, and is not investment advice or a recommendation. Intellectia does not make any warranty or guarantee relating to the accuracy, timeliness or completeness of any third-party information, and the provision of this information does not constitute a recommendation.